GREECE
- Greek Jan-May Government Primary Budget surplus stood at EUR 5.35bn.
Source: Bloomberg
- PDMA announced that the bond auction scheduled for June 18, 2025, will not take place.
Source: PDMA
CYPRUS
- During Indian Prime Minister Narendra Modi’s visit to Cyprus, President Nikos Christodoulides called the trip “historic,” highlighting strong prospects for economic collaboration. Mr. Modi emphasized the importance of Cyprus as a strategic gateway to Europe, especially through initiatives like the India–Middle East–Europe Corridor (IMEC). Both leaders praised the creation of the India–Cyprus–Greece Business & Investment Council and stressed cooperation in digital technology, AI, energy, and green development. They agreed to deepen economic ties, with a Joint Declaration of Partnership set to enhance bilateral trade and strategic investment.
Source: Stockwatch
- The Turnover Value Index of wholesale trade during the 1Q25 recorded an increase of 4.8% compared to the corresponding quarter of the previous year.
Source: CyStat
- In March 2025, revenue from tourism reached EUR 129.4mn, recording an increase of 14.5% as compared to the corresponding month of the previous year. For the period of January-March 2025, revenue from tourism is estimated at EUR 278.3mn compared to EUR 223.3mn in the corresponding period of 2024, recording an increase of 24.6%.
Source: CyStat
